India-US trade deal stalemate, FII selling among key risk factors Indian stock market needs to navigate in 2026 by Live mint | January 5, 2026 1:09 pm | Indian Stocks, Market, News Since the valuations of India continue to be slightly above long-term trends, India’s underperformance could persist in the short term with muted FIIs inflows as external issues persist as a point of ponder for the domestic market.